Bitcoinblue

Bitcoinblue

Hi everybody, Thank you for having a look at my trading idea. I would love to hear your opinion about my analysis. If you want to support me a LIKE is always highly appreciated. So, what do we have here ? Bitcoin is essentially looking very bullish, breaking declining resistance and continuing its uptrend. But if we have a look at the naked price action and...

Bitcoinblue

We finally got the breakout we where waiting for in Ethereum. Only I expected it to continue a uptrend, we broke out to the downside. More confirmation would be nice, 4h close or a daily close below the support but first signs are here. Volume is backing up the breakout.

Bitcoinblue

Hi guys, Please leave a like if this idea was any value for you! I'm seeing a : - Bullish divergence MACD - Bullish divergence RSI I think Bitcoin could continue this uptrend, we had a pull back right now. I do think we are going to see a bigger correction eventually from this move/increase in price since the 1st of January but still that could be far away...

Bitcoinblue Updated 

Hi guys, If you like this idea then please give it a thumbs up! Highly appreciated!! Bitcoin broke the 10k level with a slight confirmation in volume. We where in an ascending triangle and had a nice pattern (target is 10.2k). But overall I think there is a high probability that Bitcoin is trading in this bigger rising wedge formation, which is bearish....

Bitcoinblue Updated 

If ETH could hold above the 134-135 levels and close a 4h canlde above it, it will start looking bullish for ETHUSD. But I think it's more likely we will see a rejection from the resistance.

Bitcoinblue

If we have a look at the bigger resistance line we can see we had 4 rejections so far with big wicks which is indicating weakness of the price. I have a couple of reasons why I think we should retrace or head lower. - Heavy resistance above us (7400-7500, if we where to break that 7800 will be big) - We had a pump which needs a retracement - Overall trend is...

Bitcoinblue

If you like this idea please support it with a like, appreciated! Seeing an opportunity to short Ethereum/USD if the following conformations where met : - Break below 125,5 $ support - Break RSI support - Volume backing up - Decent close below the support (maybe 2h to 4h candle) For more analysis my YouTube channel : www.youtube.com Cheers!

Bitcoinblue

I'm seeing a diamond pattern on the 1h timeframe. support and resistance lines are drawn. Looking like it's trying to break up.

Bitcoinblue

Thought of the following scenario where we are seeing a bullish divergence on the 1h timeframe, this could drive the price up to it's resistance at approximately 7400. From there get a rejection and make a lower low, maybe testing the fib. level of 50% (6550). Fib level on Logarithmic scale! We would see some interesting price action going on around the...

Bitcoinblue

Hi guys, Already for some time I'm watching the ETH/BTC chart and think we maybe up for a breakout any moment right now. It does fit the sentiment and compared to history Ethereum is quite undervalued in Bitcoin comparative. Hard fork coming around 4th of December, also interesting side note. What do you guys think ? Is it likely that Ethereum will break...

Bitcoinblue

Hi guys, Sometimes break out trading with Bitcoin feels super annoying. From my vision we got a : - Clear short term breakout - Volume spiked on moment of breakout - We broke through resistance build since 1 week or more. So the moment we break the idea is to open a market order so you can surf the wave up. Bit Bitcoin is often doing these (I don't want to...

Bitcoinblue

Found another hidden bullish divergence, this time on the 1H timeframe. Let's have a look how it is playing out.

Bitcoinblue

Again a hidden . bullish divergence since all my last posts, which are all hidden BD's. Again, I still have the feeling price will move upwards, only yet have to see that back in the price

Bitcoinblue

Hi guys, I've seen Sunny decree making a video today about the bitcoin futures chart and the gap in the Grayscale. At first it shocked me, but after analysing it for a while I actually came out more bullish than bearish. Maybe it is total self fulfilling prophecy but anyway, price is slightly going down but I see soo many bullish signs, as explained in my...

Bitcoinblue

Hi guys, I haven't heard anybody talking about the bullish divergence on the weekly chart. If we have a loo kat previous price action that normally indicates a new parabolic move. I've made a video about my analysis : youtu.be Let me know what you guys think! Cheers!

Bitcoinblue

Ethereum is breaking out, what do you guys say ?

Bitcoinblue

Hey guys, Please have a look at the Bitcoin futures chart. There is a bearish divergence on the 4h and a gap that needs to be filled at 7900, what do you guys think ?

Bitcoinblue

Guys, steam is running out for upward momentum I would say. We are seeing again a bearish divergence on the 1h. Also have a look at the futures chart of Bitcoin. There is a gap at 7900 that needs to be filled too.